Forum@8, 06 December 2011

National Planning Minister Trevor Manuel says the formation of a climate fund should not be held up by ideology and that the needs of world's poor need to be served. Manuel , who is co-chair of the Green Climate Fund transitional committee, made these comments at a National Business Initiative COP-17 side event, were pointed obliquely at the fund's two biggest hurdles - outright objection to it from anti-capitalist Latin American states, led by Bolivia, that do not like the transitional committee's draft fund governance document because it will have the fund "run like a business", and foot-dragging from states such as the US, Saudi Arabia and Egypt, that say the document is not watertight on governance issues. On the Forum, Political economist and Senior Professor at the University of KwaZulu-Natal school of development studies, Professor Patrick Bond, Director, Head of Environmental Initiatives: World Economic Forum, Dominic Waughray and Eric Usher, from the United Nations Environment Programme deliberated on the sticking points on the establishment of this fund.

Category:

News & Politics

Tags:

• Trevor Manuel
• Professor Patrick Bond
• Director
• World Economic Forum
• Dominic Waughray
• Eric Usher